ST深天(000023) - 2020 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2020 was ¥606,461,567.68, a decrease of 27.10% compared to ¥831,865,692.12 in the same period last year[17]. - The net profit attributable to shareholders was a loss of ¥13,985,750.64, representing a decline of 144.96% from a profit of ¥31,104,062.41 in the previous year[17]. - The net cash flow from operating activities was negative at ¥39,263,221.99, a significant increase in loss of 455.41% compared to a loss of ¥7,069,172.57 in the same period last year[17]. - The basic earnings per share were -¥0.1008, down 144.96% from ¥0.2242 in the previous year[17]. - The company reported a significant decrease in income tax expenses, totaling ¥6,325,994.64, down 66.83% from ¥19,069,565.46, due to a decline in profits from subsidiaries[43]. - The company reported a total comprehensive loss of CNY 9,780,287.77 for the first half of 2020, contrasting with a comprehensive income of CNY 48,185,982.04 in the previous year[154]. - The company reported a net loss of CNY 2,547,117.48 for the first half of 2020, compared to a net profit of CNY 7,974,539.66 in the same period of 2019[157]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,476,850,898.40, a decrease of 1.69% from ¥2,519,404,048.35 at the end of the previous year[17]. - The company's total liabilities decreased to CNY 834,488,830.74 from CNY 930,415,023.98, a reduction of 10.3%[154]. - Cash and cash equivalents at the end of the reporting period amounted to ¥397,784,995.67, representing 16.06% of total assets, a decrease of 1.52% compared to the previous year[50]. - Accounts receivable increased to ¥1,071,769,657.72, accounting for 43.27% of total assets, up by 2.60% due to delayed payments in the concrete business caused by the pandemic[50]. - The total liabilities decreased to CNY 1,903,090,534.12 from CNY 1,934,503,372.15, with current liabilities accounting for CNY 1,887,212,602.61[146]. Operational Highlights - The company achieved operating revenue of 606.46 million yuan, a decrease of 27.10% compared to the same period last year[34]. - The concrete business experienced a decline in sales volume and price, leading to a decrease in gross margin[35]. - The company’s construction projects in Lianyungang and Xi'an are progressing well, contributing to stable profits and cash flow[27]. - The company is actively managing costs and exploring new procurement strategies to lower material costs[37]. - The company is focusing on urban renewal projects in Shenzhen, with significant progress in approvals and preparations for construction[39]. Risk Management - The company faces various operational risks and has outlined measures to address these risks in its report[5]. - The company plans to enhance market development efforts and improve cost management to mitigate risks associated with the competitive concrete market[70]. - The company faces risks in the real estate sector, including policy risks, financing risks, construction risks, and market sales risks[72]. - To mitigate risks, the company will establish a market information tracking system and accelerate project sales to ensure cash flow[73]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 10,853[124]. - The largest shareholder, Guangdong Junhao Equity Investment Holding Co., Ltd., holds 27.39% of the shares, totaling 38,000,000 ordinary shares[125]. - The company has not conducted any repurchase transactions among the top 10 ordinary shareholders during the reporting period[126]. - There were no changes in the controlling shareholder or actual controller during the reporting period[127][128]. Corporate Governance - The half-year financial report has not been audited[79]. - There are no significant litigation or arbitration matters reported during the period[81]. - The company has no media scrutiny or penalties reported during the reporting period[86][87]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[77]. Environmental and Social Responsibility - The company emphasizes its commitment to environmental protection and sustainable practices, focusing on green building materials and circular economy[110]. - The company has implemented strict quality management systems to ensure product quality and compliance with environmental standards[110]. - The company has not faced any administrative penalties related to environmental protection during the reporting period[116].